10 Best Guru Stocks To Buy Now

8. Albertsons Companies, Inc. (NYSE:ACI)

Number of Hedge Fund Holders In Q2 2024: 59

Average Analyst Share Price Target: $24.48

Average Analyst Share Price Target Upside: 32%

Albertsons Companies, Inc. (NYSE:ACI) is an American grocery and pharmacy store operator that operates under a variety of different brands. Consequently, its performance depends to a large extent on margins as the grocery business is known for its notoriously tight margins. For Albertsons Companies, Inc. (NYSE:ACI), a firm with a lighter presence in the eCommerce market, this means that the firm has to tightly control its costs to ensure that it has sufficient capital on hand to invest in growth and in eCommerce and associated areas. However, the firm benefits from its pharmacy operations, which have recently seen a 1.4% increase in Identical Sales (ID) because of the consumer rush towards weight loss drugs. This led Albertsons Companies, Inc. (NYSE:ACI)  to experience a 14% surge in its pharmacy sales during fiscal Q1, and in more good news, the firm’s digital sales jumped by 23% to justify the belt tightening needed to invest in the initiatives. Additionally, Albertsons Companies, Inc. (NYSE:ACI) is also investing heavily in its customer retention programs which could help the tougher grocery division add volumes and create additional room for growth initiatives.